Refine Group AB (REFINE) AI Stock Analysis

• Market Cap: kr24.87M
• Dividend Yield: N/A
• Average Volume (3M): 205.63K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.12
• Revenue Growth: -41.68%
• EPS Growth: 65.38%
• Country: SE
• Employees: 77
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Retail
• EPS (TTM): -0.07
• Shares Outstanding: 138,176,930
• 10 Day Avg. Volume: 206,151
• 30 Day Avg. Volume: 205,626
• PEG Ratio: <0.01
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.16
• P/FCF Ratio: -7.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 184.41
• Revenue Forecast (FY): kr2.64B

• Rating: 44 Neutral
• Price Target: kr0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's weak financial performance and valuation concerns. The negative P/E ratio and lack of dividend yield highlight valuation issues, while technical indicators suggest a bearish trend. Financial difficulties, including declining revenues and negative cash flow, further weigh down the score.

Positive Factors

Free Cash Flow Improvement

The significant improvement in free cash flow indicates better cash generation ability, which can support future investments and debt reduction.

Gross Profit Margin Improvement

Improved gross profit margins suggest enhanced operational efficiency, which can lead to better profitability over time.

Moderate Debt-to-Equity Ratio

A moderate debt-to-equity ratio indicates balanced leverage, providing financial stability and flexibility for future growth.

Negative Factors

Declining Revenue

Declining revenue growth reflects challenges in market demand or competitive positioning, which could impact long-term viability.

Negative Operating Cash Flow

Negative operating cash flow indicates difficulties in covering operational expenses, potentially affecting sustainability and investment capacity.

Negative Return on Equity

Negative return on equity highlights profitability issues, suggesting that the company is not generating sufficient returns on shareholder investments.

Refine Group AB Business Overview & Revenue Model

Company Description

Refine Group AB (publ) operates resale marketplaces and develops a SaaS platform and logistics solution for brands companies in Sweden. The company operates through three business areas: Technology, Logistics, and Ecommerce. It offers Yaytrade, a fashion-tech e-commerce platform for consumers to buy second-hand, overstock, and samples; RE/WAY, an online consignment platform for men's and women's authenticated luxury clothing, bags, shoes, and accessories; and Spherio Solutions, a recommerce website and logistics for outgoing stock, samples, and second-hand items. The company was incorporated in 2015 and is based in Stockholm, Sweden.

How the Company Makes Money

Refine Group AB generates revenue through multiple streams, primarily by selling software licenses, offering consulting services, and providing ongoing support and maintenance for its technology solutions. The company charges clients for the implementation of its process optimization tools and analytics platforms, which are tailored to meet specific industry needs. Additionally, REFINE engages in long-term partnerships with key players in various sectors, enabling it to secure recurring revenue from subscription-based services and maintenance contracts. The company also benefits from strategic collaborations and joint ventures that expand its market reach and enhance its product offerings.

Refine Group AB Financial Statement Overview

Summary

Refine Group AB is facing financial difficulties, with declining revenues and persistent losses impacting profitability. While there are signs of operational improvements, such as a better gross profit margin and improved free cash flow, the company needs to address its negative cash flow from operations and improve its return on equity to enhance financial stability.

Income Statement

Refine Group AB has shown a declining revenue trend with a negative revenue growth rate of -6.45% in the latest year. The company is struggling with profitability, as indicated by negative net profit and EBIT margins. However, the gross profit margin improved significantly from the previous year, suggesting some operational efficiency gains.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.46, indicating a balanced leverage position. However, the return on equity is negative, reflecting ongoing losses. The equity ratio stands at 35.1%, showing a reasonable level of equity financing relative to total assets.

Cash Flow

Refine Group AB's cash flow situation is challenging, with negative operating cash flow. However, the free cash flow has improved significantly, showing a growth rate of 84.79%. The free cash flow to net income ratio is positive, indicating some ability to generate cash relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	152.70M	244.94M	261.60M	232.64M
Gross Profit	68.39M	102.34M	58.30M	-12.22M
EBITDA	19.09M	-34.91M	-12.55M	16.05M
Net Income	-128.96M	-164.48M	-313.00M	-16.96M
Balance Sheet
Total Assets	156.79M	217.97M	410.91M	329.83M
Cash, Cash Equivalents and Short-Term Investments	17.73M	11.63M	32.13M	3.30M
Total Debt	0.00	35.08M	48.98M	80.17M
Total Liabilities	70.63M	140.79M	191.74M	138.64M
Stockholders Equity	85.54M	76.50M	217.27M	189.28M
Cash Flow
Free Cash Flow	-4.39M	-5.57M	26.27M	-4.12M
Operating Cash Flow	-4.34M	-4.97M	26.46M	-2.90M
Investing Cash Flow	-5.24M	2.43M	6.60M	-76.68M
Financing Cash Flow	19.42M	-10.63M	-29.72M	46.85M

Refine Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:REFINE, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.21, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 6.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:REFINE.

Refine Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BBROOM	56 Neutral	kr83.95M	―	―	―	―	―
OBAB	56 Neutral	kr463.98M	-19.39	―	―	27.27%	-1165.24%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CDON	51 Neutral	kr666.18M	-8.26	―	―	―	―
REFINE	44 Neutral	kr24.87M	-0.11	―	―	-41.68%	65.38%